Is Nantahala Township, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nantahala Township is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Nantahala Township was a Seller's Market.

Key Takeaway

Nantahala Township is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Nantahala Township, NC

How much do homes in Nantahala Township, NC cost?

Median Sold Price

$395,000

$329/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$21,000(+5.6%)

Key Takeaway

Homes in Nantahala Township have sold for 5.6% more than they did a year ago.

Summary: The median home sold price in Nantahala Township was $395,000 in February 2024, up 5.6% from last year, and the median price per square foot was $329.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 -$216.5K
N/A
2 $235K$349.9K
+48.9%
3 $363K$657.5K
+81.1%
4 $1.1M-
N/A
5+ $962.5K$2.9M
+202.6%

Summary: Nantahala Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 48.9%, 3 bedroom homes increased by 81.1%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 202.6%.

Housing Supply in Nantahala Township, NC

How many homes are available in Nantahala Township, NC?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
89+12.5%

Summary: The Nantahala Township real estate market had 9 homes for sale in February 2024, a 12.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 12
+100.0%
2 12
+100.0%
3 22
0.0%
4 22
0.0%
5+ 21
-50.0%

Summary: The Nantahala Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nantahala Township, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Nantahala Township in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Nantahala Township, NC

How long does it take to sell a home in Nantahala Township, NC?

Average Sale Time

Feb 2023Feb 2024CHANGE
3 Days201 Days+6600.0%

Summary: Homes in Nantahala Township had an average of 201 days on market in Feb 2024, up by 6600% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Nantahala Township are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2024, 1 homes were sold in Nantahala Township; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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